Wanna Catch Them All? Well Now You Can With Physical Backed NFT’s

Do you love Pokemon?

Well I have some news for you.

The folks over at Digible are here to bring your favorite Pokemon cards to the NFT space, and that’s not all. The marketplace offers NFT’s backed by the real physical asset.

According to sources, tokenization of Pokemon cards works by providing an NFT for a card locked away in a 3rd party “digisafe”, the idea being that you can redeem your token for the physical asset at any time.

This tokenization model can of course be tied in to many other asset classes such as rare cars, and even real estate, and this is part of the appeal of why NFT’s seem to be taking off right now.

Here is the lowdown:

$DIGI is one of those projects that brings something unique to the #NFT space. They aim on exchanging mostly collectible cards like #Yugioh and #Pokemon by minting them into NFT collectibles and shipping physical cards. Was waiting for such a project for a long time.#digible pic.twitter.com/oJhIDaqjbn

— Crypto Shreds (@CryptoShreds) May 7, 2021

Coin Telegraph had more on the latest way to catch em all:

Pustelnik says Digible is starting with graded Pokémon cards — partly out of personal preference, and also because it’s one of the biggest markets. This approach also helps to counter the threat of bad actors and the risk of fakes being auctioned.

“The idea is to have sports cards, trading cards, rare collectibles like stamps and comic books as well as anything else that people would want to trade,” he said. “If you have an idea for something that could be on the platform, please let us know directly.”

Other features in the Digible ecosystem include DigiGrade, which helps sidesteps backlogs with rival grading services.

“We figured if we’re only going to be accepting cards that are graded, we might as well take the cards that aren’t graded and help people expedite that process by leveraging our connections,” he said.

Meanwhile, DigiDuel is an upcoming product that enables players to battle cards against each other in a “winner takes all” scenario — and more information about this feature will be coming soon.

Yeah this isn't like other NFTs. So this takes physical comic books and trading cards. Grades them via PSA grading. Digitizes the collectible as an NFT for sale. The buyer gets both the NFT and the physical collectible. So there already is a dollar value set to each collectible.

— BengeBlazeⓅ$PAC NodeMaster (@BengeBlaze) May 10, 2021

If you guys want something new. Check out @digible. 100 million total supply 10 million market cap. https://t.co/xZoOnSalSU
Digitizes physical collectibles like comics and trading cards and sells them both. So if I buy something I get the Digitized NFT and the actual collectible

— BengeBlazeⓅ$PAC NodeMaster (@BengeBlaze) May 10, 2021

Publish 0x had this to say:

As indicated by Pustelnik, there’s a ton of grinding in the collectibles world — and this keeps cards from being exchanged without any problem.

“For you to purchase and sell rapidly, you need to manage delivering, getting them, rating administrations … there’s a great deal of erosion that forestalls the simple trading of resources,” he said.

A NFT adaptation of an actual card assists with taking out this erosion — and empowers the individuals who exchange these resources for rapidly work with trades and sell their cards in the event that they need to.

“It resembles eBay yet better,” Pustelnik said.

Obviously, this makes little difference to somebody’s capacity to have an actual exchanging card invest wholeheartedly of spot in their home. On the off chance that they need to get their hands on it, they should simply get Digible to send it to their location.

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